[e85sbm]

Hello,

Bit of a rant from a guy who is looking to get into an EV and am almost being pushed to go to a Tesla, mainly because I get the feeling BMW is not really trying to sell or make the i3 affordable or accessible in Canada.

The reason for this rant and concern is as follows.......

1. Contacted BC dealer for i3 (I am located in Alberta)
2. Received quote for 2017 i3 Rex with 48 month lease of $1125
3. Also received quote for similalry priced and spec'd 330e of $860

Why are the residual values so much worse on the i3 when compared to the BMW 330e? I would think BMW would be pushing these low volume models to get better exposure in a world where Tesla is growing on popularity - especially with half a million reservations of the Model 3.

Can someone provide feedback or help to a guy who really wants to stay in the BMW family, but may be forced to go to a PHEV and not with a proper BEV.

Thanks,

[BMWBuffalo]

That monthly payment does sound really high.

I would shop around with other dealers and get a feel for what the market price for leasing i3?s in your area is.

What are the specifics on your deal? i.e. money factor, capitalized cost etc.?

[Kiwi]

BMW is out to make money. Tesla has never made a dollar and still bleeds money so which company would you back and buy shares or have a long term job. Look at Apple who's products are way more expensive than others.
You have to pay a reasonable dollar to get good service and I enjoy great service.

[e85sbm]

Originally Posted by BMWBuffalo

That monthly payment does sound really high.

I would shop around with other dealers and get a feel for what the market price for leasing i3?s in your area is.

What are the specifics on your deal? i.e. money factor, capitalized cost etc.?

In Canada we don't use money factor, etc.

Here is what I know and what I am assuming:

Car price: approx. $60,000 plus federal tax (5%)
Residual value - unknown - I am estimating it to be around 32%
Interest rate: 4.9% - making assumption based on quote received last year
Lease term: 48 months, 16,000kms per year

I have purchased and leased a number of BMW's since 2005. None of which had a residual lower than 44%, so, this is where I think BMW is trying to protect themselves from the market not accepting the BMW i line of vehicles.

It is also difficult to shop around as there are a few dealers 900kms away in Vancouver and many more dealers in Toronto region which is thousands of kilometers away. All Vancouver dealers are giving similar numbers. I don't think Toronto is a good idea either, since shipping would be quite expensive

[BMWBuffalo]

Ouch! It really does sound as though i3?s are way more expensive to lease in Canada.

Which way are you leaning now? i3 or Tesla?

[e85sbm]

I currently have a reservation for a Model 3, will make a final decision on that in the spring/summer of 2018.....never know something might change, but it is sad to see BMW not trying to make the i3 affordable.

the sad news is I could get an M3 or M4 lease for roughly the same as the i3. Not sure if my brand loyalty to BMW will stay for much longer. They have a lot of competition and it seems they are getting left behind.

[jmg]

Originally Posted by Kiwi

BMW is out to make money. Tesla has never made a dollar and still bleeds money so which company would you back and buy shares or have a long term job. Look at Apple who's products are way more expensive than others.
You have to pay a reasonable dollar to get good service and I enjoy great service.

Tesla?s stock is overvalued and even Musk admits this. As a stock owner, you would think that the company who is out to make a profit would bode well for the investor, but make no mistake, Tesla is out to make a profit... in the long term. BMW is out to make a profit... today.

I own Tesla stock and I don?t want BMW stock to go down because of its i division. I want it to go up because it will strengthen EV market stability which helps me make money on Tesla.

I also own Apple stock btw because brands such as Apple and Tesla have a turbo boost button on them called brand culture which = $.